Sail Mortgage Corp. Rates, Fees & Info
Wexford, PALEI: 2549006IYID0ECYSJU25
Tax ID: 25-1613078
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Mortgage Data
Review & Overview
Sail Mortgage Corp. is a smaller mortgage company specializing in Home Purchase and Refi loans. Sail Mortgage Corp. has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Pittsburgh, York, Harrisburg, Philadelphia, and Youngstown among others. We have data for 10 markets. (Some data included below & more in-depth data is available with an active subscription.)Sail Mortgage Corp. has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Sail Mortgage Corp. is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.
We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 5.92% | 11/17/24 |
| 30 Year Conventional Refi | 5.34% | 11/17/24 |
| 30 Year Cash-out Refi | 5.87% | 11/17/24 |
| 30 Year FHA Purchase | 6.96% | 11/17/24 |
| 30 Year VA Purchase | 5.68% | 11/17/24 |
| 30 Year USDA Purchase | 6.01% | 11/17/24 |
| 15 Year Conventional Purchase | 5.18% | 11/17/24 |
| 15 Year Conventional Refi | 5.48% | 11/17/24 |
| 15 Year Cash-out Refi | 5.48% | 11/17/24 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
Sail Mortgage Corp. Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
507Origination Dollar Volume (All Markets)
$113,645,000Awards
Sail Mortgage Corp. - 2019
Sail Mortgage Corp. is a 2019 , due to their low .
For 2019, less than of lenders were eligible for this award.
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Top Markets
Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| PITTSBURGH, PA (FHA|USDA|VA) | 484 | $108,610,000 | $224,401 | $4,995 | 3.88% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 6 | $1,430,000 | $238,333 | $6,610 | 3.71% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 6 | $910,000 | $151,667 | $4,963 | 4.13% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 2 | $730,000 | $365,000 | $5,474 | 3.56% |
| YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) | 2 | $640,000 | $320,000 | $10,094 | 3.19% |
| READING, PA (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $4,701 | 3.25% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $4,584 | 4.75% |
| Oil City, PA (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $4,046 | 4.13% |
| Indiana, PA (FHA|USDA|VA) | 2 | $160,000 | $80,000 | $3,240 | 3.81% |
| New Castle, PA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,679 | 4.50% |
Their top states include:
Similar Lenders
We use machine learning to identify the top lenders compared against Sail Mortgage Corp. based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
For 2019, Sail Mortgage Corp.'s most frequently originated type of loan was Conventional, with 393 originations. Their 2nd most popular type was FHA, with 69 originations.
Loan Reason
For 2019, Sail Mortgage Corp.'s most frequently cited loan purpose was Home Purchase, with 387 originations. The 2nd most popular reason was Refi, with 88 originations.
Loan Duration/Length
For 2019, Sail Mortgage Corp.'s most frequently cited loan duration was 30 Year, with 448 originations. The 2nd most popular length was 15 Year, with 41 originations.
Origination Fees/Closing Costs
Sail Mortgage Corp.'s average total fees were $5,119, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 464 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 330 | $80,140,000 | $242,848 |
| 4-5% | 157 | $28,545,000 | $181,815 |
| 2.5-3% | 15 | $4,335,000 | $289,000 |
| 5-6% | 5 | $625,000 | $125,000 |
During 2019, Sail Mortgage Corp.'s average interest rate for loans was 3.94%, while their most frequently originated rate bucket for loans was 3-4%, with 330 originations.
Loan Sizing
2019 saw Sail Mortgage Corp. place emphasis on $200k-400k loans with 209 originations, totaling $58,885,000 in origination value.
Applicant Income
Sail Mortgage Corp. lent most frequently to those with incomes in the $50k-75k range, with 112 originations. The second most popular income band? $100k-150k, with 109 originations.
Applicant Debt to Income Ratio
Sail Mortgage Corp. lent most frequently to those with DTI ratios of 20-30%, with 132 originations. The next most common DTI ratio? 30-36%, with 110 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications98.59%
Sail Mortgage Corp. has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination89.74%
Sail Mortgage Corp. has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 507 | $113,645,000 | $224,152 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 1 | $175,000 | $175,000 |
| Single Family (1-4 Units):Site-Built | 506 | $113,470,000 | $224,249 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| SW Linear Investment Group, LLC | Other type of mortgage | Trouble during payment process | 1 | 100.0% |